Chicago Equity Partners LLC bought a new stake in Federated Investors Inc (NYSE:FII) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 98,550 shares of the asset manager’s stock, valued at approximately $3,556,000.

Several other hedge funds have also recently modified their holdings of FII. Great West Life Assurance Co. Can raised its holdings in shares of Federated Investors by 31.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 4,664,052 shares of the asset manager’s stock valued at $139,191,000 after purchasing an additional 1,104,213 shares during the period. Victory Capital Management Inc. raised its holdings in Federated Investors by 52.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,332,298 shares of the asset manager’s stock valued at $39,570,000 after acquiring an additional 456,280 shares during the period. Dimensional Fund Advisors LP raised its holdings in Federated Investors by 21.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,603,455 shares of the asset manager’s stock valued at $73,546,000 after acquiring an additional 451,268 shares during the period. First Trust Advisors LP raised its holdings in Federated Investors by 218.1% in the 3rd quarter. First Trust Advisors LP now owns 580,042 shares of the asset manager’s stock valued at $17,227,000 after acquiring an additional 397,706 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Federated Investors in the 4th quarter valued at about $7,452,000. 85.40% of the stock is currently owned by institutional investors.

Federated Investors Inc (FII) opened at $34.54 on Friday. Federated Investors Inc has a 52-week low of $24.93 and a 52-week high of $36.76. The stock has a market cap of $3,607.32, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 1.39 and a beta of 1.36. The company has a current ratio of 3.39, a quick ratio of 1.89 and a debt-to-equity ratio of 0.22.

Federated Investors (NYSE:FII) last announced its earnings results on Thursday, January 25th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. Federated Investors had a net margin of 26.42% and a return on equity of 33.23%. The firm had revenue of $278.31 million for the quarter, compared to analyst estimates of $283.45 million. During the same quarter in the prior year, the business posted $0.52 EPS. The business’s revenue was down 4.0% compared to the same quarter last year. sell-side analysts expect that Federated Investors Inc will post 2.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, February 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.90%. Federated Investors’s payout ratio is presently 34.60%.

Several research firms have weighed in on FII. ValuEngine raised shares of Federated Investors from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Argus cut shares of Federated Investors from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Royal Bank of Canada increased their price target on shares of Federated Investors to $37.00 and gave the company a “sector perform” rating in a report on Monday, January 29th. Zacks Investment Research raised shares of Federated Investors from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Tuesday, October 10th. Finally, Keefe, Bruyette & Woods reissued a “sell” rating and issued a $31.00 price target on shares of Federated Investors in a report on Wednesday, November 1st. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $31.50.

In other Federated Investors news, CFO Thomas R. Donahue sold 30,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $34.79, for a total transaction of $1,043,700.00. Following the transaction, the chief financial officer now owns 634,044 shares in the company, valued at approximately $22,058,390.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Peter J. Germain sold 9,654 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $36.04, for a total transaction of $347,930.16. Following the transaction, the executive vice president now owns 68,987 shares in the company, valued at approximately $2,486,291.48. The disclosure for this sale can be found here. Corporate insiders own 7.10% of the company’s stock.

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About Federated Investors

Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products.

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Institutional Ownership by Quarter for Federated Investors (NYSE:FII)

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